Trade Empowered

Trade Empowered
  • Honesty
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience
1.5

Summary

Trade Empowered is a day trading educational company owned and operated by Jason Stapleton. The business is offering a smorgasbord of trading products; including three live trading rooms, magical trading indicators, software, and various courses.

Jason Stapleton is a long-time day trading educational guru. Unfortunately, he is also the subject of much controversy and several shuttered trading businesses where many persons have complained and allege fraud.

Jason Stapleton also claims to be some sort of ex-military commando that protected world leaders and advised them on economics, geo politics, and all manner of huff-puffery. This also appears to be ‘resume inflation’ run wild.

Neither Jason Stapleton nor any of his supposed trading educators have a verifiable track record of ever making a nickel at trading. Instead, this appears to be an education mill where the new and the naive are ramrodded through an obstacle course of magical trading products and services.

Jason Stapleton appears to be a world class ‘bullshit artist’ and top level salesman. Quite honestly, he is very good at what he does. And this trading nonsense is a waste of his ample talents.

Pros: Jason Stapleton is a top-level communication artist. A very talented person.
Cons: No track record of ever trading successfully. A history of failed trading websites. A personal resume bordering the ridiculous.

Thanks for reading today’s review of Trade Empowered

What is Trade Empowered? The company is a Forex and Futures day trading educational company that is owned and operated by Jason Stapleton. The company appears to be based out of Lenexa, Kansas.

Trade Empowered is currently offering the following products and services:

  • Live Futures Trading Room at $297 per month. Hosted by Mark Sedlak.
  • Live Forex Trading Room at $297 per month. Hosted by Akil Stokes.
  • Live Forex Trading Room (London Session) $297 per month. Hosted by Jason Graystone.
  • The Syndicate trading signal service. $582 per year.
  • Forex Basics Course: $247
  • Advanced Pattern Trader: $849
  • Ultimate Trader Transformation: $3,997
  • Dynamic Support and Resistance Indicator: $297
  • Constellation Pro Indicators: $2,497
  • Price Pattern Trading Indicators: $3,497
  • Balance Beam Trading Indicators: $1,497

About Jason Stapleton

Jason Stapleton is a long time, day trading educator. He appears to have magically appeared as a day trading guru in about 2008. He claims to be a “full-time professional day trader”, however, the truth about Jason Stapleton appears to be much more complex, questionable and riddled with hyperbole.

A review of Jason Stapleton’s personal website, which can be found at JasonStapleton.com, he claims that he is a former military commando and a member of an elite special operations unit. He describes himself as some sort of ‘Captain America’ that roamed Iraq and Afghanistan, kicking in doors and single handily rooting out terror cells. He portrays himself as some sort of Rennaissance man/elite warrior/forex trader.

His stated goal is to “help the common man understand the murky realms of war, foreign policy, politics, economics, and how to get rich trading Forex”.

Jason also claims to be a “dark warrior, hired by private security firms to protect the world’s most powerful diplomats.” And supposedly, these elite diplomats and world leaders were highly impressed with his knowledge in the craft of warfare, philosophy, forex trading, innate understanding of science, calisthenics, mixed martial arts, regulatory policy, horticulture, aeronautics engineering, beer making, and international business.

All of this sounds so wonderful and astoundingly impressive. But for the purposes of this review, we are going to only focus on the Forex trading products.

Jason Stapleton: the early days, 4X Traders Live

After high school, Jason joined the marines. This is probably true. The ‘dark warrior’ and ‘international Captain America persona’ appears to be an extreme case of resume padding.

It appears that Jason got out of the marines and probably worked as a security guard at one of the many different private contractors that the State department hires for all sorts of security tasks. For instance, my brother is a former marine that eventually went to work for Blackwater. He was hired to follow trucks around Iraq and make sure nobody stole anything or chopped off the head of the truck driver.

Total shit work. But it pays well. Definitely not a long term career. Many ex-military guys take this route. But eventually, these guys need to reintegrate themselves back into normal society. And this can be difficult because all they know is military life. So they have to reinvent themselves. Figure out what they are good at, and run with it.

Jason Stapleton describes his initial journey into Forex trading, while he was overseas. I can just imagine Jason working as a security guard in some miserable country, thinking to himself–“what in the hell am I going to do with my life!” We have all been through this. A career crossroad.

Anyway, after the military, it appears that Jason created a Forex trading website that offered a live trading room and Forex education through a business named 4XTradersLive.com. You can view old copies of the website through this link. This business launched in 2009, during the heyday of live trading rooms.

Eventually, complaints started to stack up and the reputation of the business was sullied beyond repair. If you Google search ‘4XTradersLive’ you will quickly see the ugly complaints, the allegations of fraud, the desperate attempt by Jason to save the business. But in the end, the website was pulled down and forgotten.

Jason Stapleton: Triple Threat Trading

In the trading education business, there is a sucker born every minute. Once a trading educator figures out the game, they are nearly impossible to uproot.

After the 4XTradersLive fiasco, Jason Stapleton created yet another trading educational business named Triple Threat Trading (2010). As you can see from Archive.Org, its pretty much the same old trading education and live trading room pitch.

Sure enough, the complaints and allegations of fraud started to stack up. Just like the last business. A quick Google search of ‘Triple Threat Trading’ will reveal all the sordid details and negative online chatter.

Eventually, after a series of complaints, even Ninja Trader Ecosystem had heard enough. They were pulled from the Ninja Trader Ecosystem and shortly thereafter, the website was pulled down.

Jason Stapleton: Trade Empowered

After Triple Threat Trading, yet another day trading educational business…Trade Empowered. As per Archive.Org, this latest Jason Stapleton venture was launched in 2013.

As you can see, they have ramped things up. And have a literal buffet of trading rooms and trading products. And of course, if you Google search ‘Trade Empowered’, you will see the complaints and allegations of fraud.

Since 2014, TradingSchools.Org has received dozens of requests to review Jason Stapleton. Truth be told, we didn’t even want to write about this guy. His reputation is so terrible that a review should not make much of a difference.

However, the sheer volume of requests triggered a review. So, we went into the review with a fresh perspective. Maybe Jason Stapleton had changed for the better?

Contacting Trade Empowered

During the months of March 2017 – July 2017, TradingSchools.Org sent out direct emails to Jason Stapleton, Akil Stokes, Mark Sedlak, and Jason Graystone. We were open and honest in that TradingSchools.Org would be writing an official review of the company. We called several times and made over a dozen attempts to speak with any of these individuals. None would respond to a request for an interview.

At the core of our request, we wanted to see verifiable proof that any of these characters were live trading. We wanted to see verifiable proof that any of these dudes were actually full-time professional traders. We just wanted to see a track record. All refused.

TradingSchools.Org also sent out or infamous ‘Lamb email’ where we hide our identity and portray ourselves as a desperate student, with money, and looking to learn how to day trade.

With the quickness of a fly to a fresh turd; Trade Empowered quickly responded to our inquiries to purchase their trading products.

At that moment, our indictment of Trade Empowered was complete. They were exhibiting the tell-tale signs of fraud.

Wrapping Things Up

Jason Stapleton is a master salesman. You really need to look past the fraud of the Forex scheme and take a closer look at this individual. In addition to running this ridiculous Forex educational scheme, he also runs a daily podcast.

The guy can really talk. And he sounds so fucking good that it is hard to see how this guy has become stuck in the mud of selling BS magical trading products.

Truth be told, I love Jason’s daily show. You can listen through the following link. He talks about the daily news, politics, economics, the whole enchilada. It is highly entertaining stuff. And he does it daily. Which probably takes a huge amount of effort and extreme dedication to pull off. Over 600 episodes.

Jason Stapleton is a future star. Maybe as a politician, motivational speaker, or a satellite radio talk show. He has this way of simplifying things and then adding his own sauce and spices which create an interesting narrative that is highly consumable. It’s pretty sad watching him pitch the trading products, it is way beneath his talent.

Regardless, I can see this guy blossoming into something special. Just not as a trader. That’s just a bunch of bullshit.

Thanks for reading. Would love to read your comments below.

Leave a Reply

113 Comments on "Trade Empowered"

Notify of
avatar
Photo and Image Files
 
 
 
Audio and Video Files
 
 
 
Other File Types
 
 
 
Qaizer
Guest

Hi Emmett!

This was the trading mentor I requested for review a few months ago and you have actually did it! I am honored to have my request come through and save a few more hundreds bucks from high class bullshitters! Hats off to you sir! Stay healthy and safe always!

Qaizer

Wedzi
Guest

The person who taught Jason is Todd Brown.I am surprised you did not come across him in your research. He is a master and the psychology stuff he teaches is very good.They were selling courses for $5ooo. It used to be called Triplethreatfx.com.

Rob B
Guest

“He is a master:

Would that be a master of teaching folks how to scam people out of their money?

James Mincell
Guest
James Mincell

Hey emmet Just an idea but how about starting a Youtube channel and doing video reviews on there?

Rob B
Guest

Jason Stapleton that brings back memories. He offered a free what he called a Technical Trader Workshop for a week. I call in try to get in new suckers week. I have no idea what he is doing now, but back then he was doing Harmonic Trading talking about the butterfly pattern or whatever. Unlike you I found his attitude to be insulting and belittling. Even in my Kool-aid state I thought this guy was full of shit. So even back then I had some standards on who suckered me.

James Mincell
Guest
James Mincell

I have a couple different broker Mike Icmarkets is my main then tradersway,If you don’t like those stick to the highly rated ones on this list https://www.100forexbrokers.com/reviews-ratings.Trading forex is almost similar to swing trading stocks, Analysis the economy to determine a bias and trade based on the basis divulged from how well or badly the economy is doing.

Daithi
Guest

Are you having a laugh? in 100forexbrokers list of ECN brokers loads of them are bucket shop market makers. Enough said.

James Mincell
Guest

There are a lot of good brokers on there though , Icmarkets is used by alot of top guys Daithi and tradersway’s as well.Tell me which broker is not a bucket shop most are designed to steal money from the uninitiated

Jenny Wok
Guest

James I sent you an email ,I would like to learn from you

Rob B
Guest
Damn, James is a genius. IMHO got his first sucker. Jenny when I see 1 red flag it might be a fluke and means nothing, but when I see a series of red flags it becomes the straw that breaks the camel back. My advice to you is be wise and do not give any money to James. James IMHO writes posts like someone with an ulterior motives. Be Cautious or Be the Goat. And remember the Devil rarely wears horns and carries a pitch fork and remember this industry is full of con artist. Red Flags: 1) New poster… Read more »
Mike M
Guest

No, don’t pay for anything. If he wants to start a chat to run ideas by people then that;s fine. I have been in a few and there were never any products being sold, just traders learning from one another. I hope James is just excited about trading, but Rob is the detective it seems to me. I am very gullible sometimes.

James Mincell
Guest

Yeah, Rob is great at his job on here Emmett should give him a moderation Job if he hasn’t already.

James Mincell
Guest
Just to clear things up a bit Rob , I had no idea the real ramifications of posting on here , I have received a large volume of emails some asking about the group which I thought and was really hoping would be created and some bashing without even discerning whether or not I know what I’m talking about or not .I have been visiting the forum earnestly for many months but no post had caught my attention to my comments or post. In light of the amount of attention being given towards creating a group, I would like to… Read more »
2017-07-22_17h19_58.png
Jenny Wok
Guest

James could you reply to my emails I sent two already ,I began reading the books you mentioned ,Please reply.

James Mincell
Guest
Hmm, Jenny, I do apologize but the purpose of the room was to help yes but you need to have a little idea of what’s happening in the market or how to trade so it wouldn’t be too much work on our parts .I read your email and others but it was easier to skip the ones that were asking for too much help as I already posted a good start. So, Please take a few months and go through the free links I’ve sent and then you can open a forex demo account with any broker you like and… Read more »
Jenny Wok
Guest

Alright James thanks for the response

Mike M
Guest
James, don’t take it personal. This is a unique site where everything is questioned because this industry is 99% fake. Rob, dtchurn and regular posters will not believe any performance claims unless they are verified. If you are not selling anything, which I hope you are not, then no need to post performance. Moreover, it seems to me that the majority of fx brokers are shams so you will get called out if you endorse one. Personally, I have no experience with any of the usual suspects. As I stated earlier, my foray into fx ended with my deposit being… Read more »
Rob B
Guest
James you might very well be legit, but this industry is full of corruption. And Forex Brokers and TR operators are some of the biggest scam artist out there and when someone states how Trading Forex is the best thing since Apple Pie (yes some hyperbole there) I get suspicious. But then when they put out an email address to contact them I get even more suspicious. And on top of that you get Jenny posting: “ I would like to learn from you” Learn from you based on what? No evidence has been presented that James can trade profitable.… Read more »
James Mincell
Guest
I didn’t tell anyone to post on here, I’m not selling anything .I have nothing to prove.If I had people paying me to learn I would provide proof but all I stated in all statements prior to this was what worked for me .By your logic we should also stop listening to you unless you substantiate your claims with receipts, broker records, and tax returns, You have been here as long as anyone but Can you send me a link to the one time you have proven you can trade and the same can be said about me or dtchurn… Read more »
Mike M
Guest

Thanks Rob I thought I would be on that list too. LOL

Rob B
Guest
Mike M, So many post since my last post I will just respond here to the main issues. First you are definitely on the list, I did say and so forth. James, As I said you might be legit. I just told people to be cautious and the reasons why I stated to be cautious, but the part that saddens me the most is how many people emailed you and how easy it would be for someone not legit then to try and scam these people. Stop and Think about want I am saying. You post here a few post,… Read more »
Cyn
Guest

Enough! Enough with you Rob B, I say. You showed a statement that you made about 20% in one whole year, when Warrior Trading is telling us that we can make 5000% in the same time.

We like 5000 more than 20. Just shut up. You do not know how to trade, or you would be making the same 5000% that Warrior Trading makes all the time. :-p

Once again, yes, if you are reading this and are clueless, and think that I am excoriating Rob, go and read a lexicon. This is called sarcasm.

dtchum
Guest
Ok, I have to post and be a bit of a devil advocate. Yes I know, I am negative and so forth: Robert said: ” I actually put out my brokerage statements once to a shill I was arguing with and just like you putting out your email it was a mistake for me to put out my statement.” You keep saying this with no proof, why don’t you provide link to prove your statement? As I said you might be legit. I just told people to be cautious and the reasons why I stated to be cautious about your… Read more »
James Mincell
Guest

dtchum not really trying to comment on this post anymore but why does your name have to be similar to dtchurn .Is this an alter ego kind of thing or are you mocking him?

dtchum
Guest

Actually, you should ask why he has a similar name to mine, not the other way around…

Mike M
Guest
dtchum, I noticed you put out contradictory claims lately, but they seem constructive. You don’t get personal anymore. As far as Rob, he put out a link with his statements a while ago which is more than anyone else I read on here. Don’t you think it is productive to respond with their opinions backed up with facts which Rob seems to do. I didn’t agree with Rob at first, but boy I have to tell you these reviews seem to support everything he talks about in his posts. Moreover, everyday their seems to be someone else looking to steal… Read more »
Rob B
Guest
DTchump, You ignorance literally has no limits. As I said it was a mistake and you want me to give a link. I would guess if you search hard enough you can find it. At this point the only person I would show my brokerage statement to is Emmett if he agrees to do as I have asked. And if I posted by brokerage statement, I can already read you ignorant respond, “that is all you made what a loser” and with no clue the account size or anything else that statement would be as ignorant as all your other… Read more »
Mike M
Guest

Rob I know it may seem like I agree with everything you say, but you just seem to have the energy and ability to state the important points. It’s true, trading is not easy. It takes years of dedication to become profitable. No one from the internet will teach you how to trade correctly. I am tired and don’t need to say more. Just read Rob’s posts.

dtchurn
Guest
Thanks for putting me on the pm list RobB, haha. Yes, MikeM could absolutely belong on that list too. I’d prefer to be an intraday trader where this economy is so weird based on the petrodollar overinflated from monetary policy for too long and more related subjects . I’d say trading forex on a swing term or extended timeframe based on some understanding of how the economy affects currency markets sounds interesting, but I’ve yet to see proof and as RobB has mentioned , the best hedge funds in the world are averaging “realistic” percent gains with all their macro… Read more »
Mike M
Guest
dtchurn, for me as well. Intraday trading is where my risk tolerance is at. When I first left the bank I worked for, a group of us, supposedly smart guys, started a small fund. Well let me tell you what is needed to run a decent size fund. My positions weren’t hedged properly during some event and political risks and it got hairy. It can be done, but you better be ready to position size and hedge correctly. Also make sure your positions are not 100 % correlated. To say the least I didn’t sleep well…lol. You must eat, sleep,… Read more »
dtchurn
Guest
That sounds like an amazing experience starting your own small fund MikeM. I was never in the finance field, although I took extra classes later in accounting. My own “fund” experience was from the shams of Preston James and that macro hedge fund guy. Where I tried out sim mostly in tos paper and tried to hedge with options like those clowns would do in their shamshows. After they kept glossing over their losers, I gave up in disgust and went back to the intraday churn. I felt those basic financial and managerial accounting classes helped a lot more than… Read more »
James Mincell
Guest

Dtchurn When posting long blocks of writing please Indent your paragraphs or skip lines it makes it more palatable to the eyes.May I also inquire what market do you trade it seems like you have been bouncing around for quite some time?

dtchurn
Guest

I’ll consider it. No one else has mentioned about my posting’s structure except past shills and trolls since I’ve been on this blog. Naw, I’m still ambivalent whether you’re still a shill JamesM. It doesn’t serve any point about my “bouncing around”. I’ve been on a similar journey like many others who comment or read here where I’ve mentioned already in general what I like to trade. Again only shills and alters have demanded myself or RobB or the others show “proof” when they are the ones selling the hotdog packages.

James Mincell
Guest
I was just enquiring as to what you like to trade but I do apologize for my comment prior to the question but it becomes very difficult to differentiate which paragraph I was reading after those long paragraphs which we have all posted most adamantly on this post.It was not in any way a means of provocation but a misplaced line of what I thought to be advice. I never demanded proof, Rob politely informed me that I should prove I was a real trader which I eminently reciprocated to him in a similar gesture but not as a demand… Read more »
Rob B
Guest

Fore the record, I did not state, “Rob politely informed me that I should prove I was a real trader” I pointed out to others that had emailed you and were going to email several facts including the fact you were a new poster and completely unverified so be cautious.

dtchurn
Guest
Ok, then, no problem. And I’ll consider doing some cleanup with my longer ,more rambling posts. yes, “drchum” (and “drchumpNO”) was indeed a mockery of my id, which started a few months ago during the tradingfratboy review. More than half of the time I sense its taken over by gollum as another alter. We also had a slew of James II and an alter “James” ridiculously posting and asking about starting a trading room and asking for advice on churning setup just a few reviews back, in case you may have missed it if indeed you’re not another altered shill… Read more »
Rob B
Guest
Dtchurn, First I have to argue with you. Calling that chump Gollum is an insult to Gollum. Gollum had a purpose, Dtchum has no purpose. He is like toxic waste and only exits to be a willfully stupid ahole. I do have a story about put sellers though. I knew this trader and he even got an article published in some trading magazine about his strategy. I forget which one it was now. Anyway he sold far out of the money puts and just got a few cents but sold a lot with near term expiration. And he did it… Read more »
dtchurn
Guest

Yeah, I know gollum can’t control himself before sliming and gesticulating wildly in glee when he thinks his guttysnipes mean anything. When he’s not borrowing and donning the stinky unwashed “drchump” alter id, left over by the vendor shill when the shill uses it occasionally, that is.

Rob B
Guest
Mike, My advice to someone that wants to quit their day job and trade full time would be 180 degrees opposite of the what the TR tell you and what people want to hear. I would say, “You better be well capitalized just like you were starting a business. You better have enough saved to live 5 years off of. And on top of that have enough to trade expecting a realistic return and be able to make enough to live off plus taxes plus keep up with inflation.” And that is quite a bit of money. That is why… Read more »
Mike M
Guest
Rob I can not disagree with anything you said. I quit a very attractive job that many others coveted. Call it hubris, ego, greed, and just poor decision making. I left with a bunch of guys that thought we were smarter than the brilliant fund managers that had all the capital in the world. Believe it or not, the profit was there because I still; had access to bank research, and contacts in the business running funds. The hardest part was convincing a group of guys to risk very small at first until we got our legs underneath us. Of… Read more »
Mike M
Guest
dtchurn you are a stand up guy with excellent stories. I enjoy reading your experiences about the shams out there, keep them coming. I look forward to posts from you and Rob B, especially when he is in attack mode. LOL. the sad part is it is always the truth, all facts. It just shows you the cesspool we are in. On the other hand, sometimes a new poster is not aware that he may look like a shill. That’s my opinion, maybe I’m too gullible. We usually find out the truth eventually. It seems to me a younger poster… Read more »
James Mincell
Guest
I would try and teach supply and demand from scratch on here but I thought it was easier to post someone who has lots of free posts about it.I’m in no way affiliated with moreno and I in no way endorse paying 1500+ for free information that is readily available with some work on google search.Dtchurn there are so many things I would like to see emett review right now he is just scratching the surface there is a huge crater of shit brewing in the forex industry ,I see it Daily if you have facebook search for a guy… Read more »
James Mincell
Guest

Man, is there any way to delete posts on here the post with my email is blowing up I didn’t know that many people would be interested .It was supposed to be Mike alone, I’m indeed perplexed to the most precarious position I placed myself in .Will have to tell these guys no group.It would be weird starting one ran be because I wanted to learn from others and not to be full on teaching more so just of bouncing ideas off each other not to full on trade for each.

Mike M
Guest

James I warned you. I’m sorry but that is a problem. That’s why I said I wouldn’t know how to connect with you on this forum. If you are not attached to that email you may have to change it.

James Mincell
Guest

Also this guys channel has been a really great watch bruce long forex https://www.youtube.com/channel/UC0mDa7rbdM6smBQGbN9DBzA

Rob B
Guest

I just notice this comment regarding Icmarkets got so many up votes. It is unusual for anything at this site to get so many up votes.

James Mincell
Guest
I’m in no way affiliated with IC markets, in fact, US traders like Oanda and IB more but I’ve never got a chance to test those.The only reason I posted that list is that a lot of brokers are decent on there e.g FXGLORY, EXNESS, FX Choice, Octafx maybe even tallinex.The way I do it is if I have 5k to trade I will spread around 1k in 5 good brokers reason being not all brokers offer the same pairs ,I can manage my progress better and build a more diversified portfolio as some brokers offer Indices CFDS or precious… Read more »
Rob B
Guest

Just odd that Daithi comments calling most of those Forex Brokers bucket shops, which is true got thumbs down and mentioning Icmarkets gets lots of thumbs up. Maybe there are a lot of Aussies supporting an Aussie Company.

dtchurn
Guest
Does icmarkets allow U.S. clients? Since the CFTC restrictions on leverage to U.S traders on forex back in 2010 , many foreign fx brokers stopped accepting U.S. clients. I hadn’t actually heard of icmarkets before. Taking a look at the site, unfortunately it’s the type of broker and site I would avoid. Heavily MT4 affiliated, and also recommending zulutrade an infamous autotrading site where they show off the “top 10” for the month and thousands of people sign up with them only to have their accounts depleted. I had mentioned an old member of the beachforum who reported losing 50k… Read more »
James Mincell
Guest
Mt4 is a pretty amazing platform especially once you learn to build and code indicators but US CTFC regulation prevents US clients from trading with brokers outside the US.Oanda or IB is your best bet and also traders way.The thing about forex is the same guys calling most brokers bucket shops have never made a dime and they blame losses on brokers especially when they don’t have any idea of what they were doing . I too would like to get out of these retail brokers and avoid second-hand liquidity.The forex industry is only going to get worse it’s scary… Read more »
Cyn
Guest
IMHO, there is no such thing as a forex broker who is not a bucket shop, or bordering on one. Take my experience with one of the so-called reputable US-licensed brokers, forex.com, also known as Gain Capital, I believe. In the bad old days, I took one of their trials. Being in those early days with my heads in the clouds, I had leveraged that trial account to the max, and refused to take any losses, because at the time, in typical dreamer fashion, I would rather be right than be stopped out. Long story short, I blew out the… Read more »
James Mincell
Guest

That is a big red flag brokers should not but solicit customers never happened to me but these forex gurus are doing the recruiting work for them.

Rob B
Guest

There is another link I should have included about White Label Forex Brokerage that speaks volumes about this industry.

Mentor Tips

James Mincell
Guest

Reza is a scam he has been exposed many times already.

Rob B
Guest
James, There were so many things in your post I disagree with. “Mt4 is a pretty amazing platform especially once you learn to build and code indicators” I have used Mt4 and unless it has dramatically improved it was a bit of a Mickey Mouse platform used to trade Forex. It is not comparable to Ninja, Multicharts, or Sierra. “The thing about forex is the same guys calling most brokers bucket shops have never made a dime and they blame losses on brokers especially when they don’t have any idea of what they were doing “ This comment is very… Read more »
James Mincell
Guest
When I said deposit 50$ I meant using the lowest lot size which is about.01 and I would just take a few trades just to see if the broker is legit or not .Again I’m not selling anything so if it sounded like a sales pitch I apologize .But you can look at forex peace army and a lot of other sites to see some of the reviews about the broker and then move from there. The whole premise of my later statements was that do you really think someone new should drop 100k into an account and try to… Read more »
Rob B
Guest
“When I said deposit 50$ I meant using the lowest lot size which is about.01 and I would just take a few trades just to see if the broker is legit or not ” I guess that is better than nothing, but I am not sure that will really tell you if a Forex Broker is really financially stable. All I can say is I use IB to trade Forex, as I have no faith in these loosely regulated Forex Brokers. IMHO, the reason that there are so few of them in US is they kept getting fined by our… Read more »
dtchurn
Guest
Well said RobB, I agree with all your points because I have pretty much the same thoughts. As usual you laid those points out far better in debate than I could ever say. Referring to your last two posts about forex bucket brokers and MT4, indeed MT is so tied to these swarmy brokers especially in the EA advertising. icmarkets shows immediate invitation to set up autotrading with some scammy EA service such as myfxbook or zulutrade. For sure, MT4 is particularly clunky, the basic charting resolution , stretching, panning is very subpar with limited time frame selection where the… Read more »
Rob B
Guest

I forgot to even mention myfxbooks. It is the main way these Forex TR operators are able to scam folks by showing their fake amazing results.

This point is so critical anyone thinking about joining a TR based on its myfxbooks results needs to read the following article by Emmett and comments regarding how these con artist set up a white label Forex brokerage for only a few thousands dollars, then plug it directly into MyFxBook.com.

Profit-Forex Signals

James Mincell
Guest

Thanks, rob and dtchurn for your insightful experiences they both added to this post .Also, does anyone remember when etrade also offered forex ?I wonder why they stopped https://about.etrade.com/releasedetail.cfm?ReleaseID=650067. Was thinking of recommending them as well but turns out they didn’t last very long in that area.

dtchurn
Guest
It’s an interesting question. Admittedly, I have very little experience with etrade. It looks they’ve been around since the dawn of internet commerce. At the time I’d considered starting trading, there were plenty of other competing brokers by then, and I’d heard etrade was generally thought subpar and unsophisticated in comparison at the time not to mention one of the higher fee and commission charging brokers. I went with TOS instead because I was interested in options after having heard about it mntioned on the web and heard one of the scam radio commercials during the commute after work. As… Read more »
James Mincell
Guest

Actually rob the most dangerous place to have money is in binary options but that’s a whole other story.

James Mincell
Guest

Good advice Rob ,nothing more to be said but to stay safe and good luck.

Kerry
Guest

Which brokers do you guys recommend and any boOKs to get started in forex ?

Mike M
Guest

James, thanks for your input. So FX not conducive to day trading ..correct? I am not a fan of day trading, but there are days when you have nice swings in futures. FX on the other hand is better suited to swing trading from what I can gather. I have always been interested in FX on a smaller level. Once I lost my deposit with the FX broker going under years ago, never got back involved. I forgot the name of the broker that took my deposit.

James Mincell
Guest
James Mincell
Yes, Mike anyone you hear saying they day trade forex for big bucks is lying.Think of how banks/ hedge-funds trade they create a bias and trade not only based on the trend but based on the economy.My trades in fx take sometimes weeks, months or years to come to fruition .As for losing money with brokers, I have always stuck with the highly reviewed ones so never got money stolen.Why don’t we form some sort of chat the texting system on here is annoying.I know there are a lot of guys who have great information to share and we could… Read more »
Mike M
Guest
James, I am all for setting up some type of chat. As you said this is not the venue for that. Full disclosure, I have never executed an FX trade in my life. I am limited with that product. My background is in futures and equities. Unfortunately, I trade in a vacuum by myself with some contact with industry pros I met over the years. At the very least I have been looking forward to discussing trading with like minded individuals. I have been in some rooms which I will never do again and most forums are compromised. Until I… Read more »
James Mincell
Guest
I’ll put my email up [email protected] ,I will keep an eye out for an email Mike if you are interested and we can add people to some sort of chat as we go along .The purpose is simple just to share information no bullshit .I trade stocks, forex I’m just getting into options and maybe futures if I can find the right avenue to learn.If you guys are traders or are learning to trade it would be great to hear different views and realities in each market without the crap gurus usually sell .If Mike is interested we will get… Read more »
Mike M
Guest

James
i will send you an email, but you don’t have to worry about people trying to sell you something. I’m talking about the trolls with an ax to grind because we had negative comments about trading rooms they run. The shills can be relentless because the truth is spoken and they have vested interest in the continuation of their sham sites. I will send you an email shortly. A pm feature would be perfect here.

Rob B
Guest

Indeed Emmett needs to add a PM feature other wise you will have some of the nuts at this site emailing you including me.

Mike M
Guest

ha…Rob a nut that speaks in facts. Maybe passionate about con men getting their day in federal prison. I am passionate about that too. Seriously Emmett, how possible to add a PM feature? would enhance the site significantly.

Rob B
Guest

“Once I lost my deposit with the FX broker”

Another reason I use IB to trade Forex. I have no faith in these Forex Brokers.

Also I think a lot of folks day trade as they do not have the margin to hold overnight.

James Mincell
Guest

Also, this guy has been destroying forex gurus.

False Guru:When they copy and paste, word for word, off another website into their telegram or website to sound legit….

Posted by Robert Halterman on Sunday, July 16, 2017

Really good to see someone destroying the nonsense that is currently happening in this particular niche.

James Mincell
Guest

Seems links to facebook are banned

James Mincell
Guest
James Mincell
Rob they day trade because it’s easy to take huge lot sizes and gamble for 3-10 pips .Then they show a withdrawal from that lucky trade and wheel in the suckers with thoughts that all they need to do is scalp eurusd for 3 pips a day and drive a BMW to the bank daily.I don’t know about anyone else but my goal is to manage a hedge fund one day, I cap my risk and stick to strict risk management, I don’t over leverage which is the tendency of a lot of these forex fufus selling bullshit even the… Read more »
Mike M
Guest
Wow James that was nice hit, but I’m glad you didn’t give up. Also you realized the futility in micro scalping which Rob advises against for anyone that listens. We are all here because we are tired of these charlatans bilking the unsuspecting and if we can help some from making the same mistake then even better. Also, I would love to see sweeping changes where most of the vendors are put in jail. I’m open for chat, but must be careful putting personal information out there because the guys we talk about peruse this site and are always looking… Read more »
James Mincell
Guest

Why do some comments get moderated I posted one two hours ago 🙁

Mike M
Guest

James, I don’t think any posts are censored unless it contains extremely inappropriate text. sometimes a post gets lost in the shuffle. Post it again and I’m sure it will get through.

James Mincell
Guest
I’ll put my email up [email protected] ,I will keep an eye out for an email Mike if you are interested and we can add people to some sort of chat as we go along.The purpose is simple just to share information no bullshit.I trade stocks, forex I’m just getting into options and maybe futures if I can find the right avenue to learn.If you guys are traders or are learning to trade it would be great to hear different views and realities in each market without the crap gurus usually sell.If Mike is interested we will get some emails, you… Read more »
dtchurn
Guest

Good point about Ninja seemingly only booting out members of their ecocesspool who can’t hide their stink well enough because it then becomes damaging to their own image, similar to how the compromised beachforum chooses which vendors to ban and which to allow shilling to go on. More on “4XTraders” here as part of the ecocesslake of the fx scammy retail industry.
As usual weed out the “5 star” shilled comments easily differentiated from the true complaints.
http://www.forexpeacearmy.com/forex-reviews/6579/4xtraderslive.com

Mike M
Guest

dtchurn, you have experience with fx? I have been interested in dabbling in fx trading, but I have been hesitant because of all the negative press. I believe it could be a way to take advantage of the inflection point in interest rates the US is facing. Not sure which broker to trust.

James Mincell
Guest
James Mincell

I have a couple different broker Mike Icmarkets is my main then tradersway,If you don’t like those stick to the highly rated ones on this list https://www.100forexbrokers.com/reviews-ratings.Trading forex is almost similar to swing trading stocks, Analysis the economy to determine a bias and trade based on the basis divulged from how well or badly the economy is doing.Think i placed the reply in the wrong spot before.

Rob B
Guest

My broker of choice these days for pretty much everything is IB. I use Sierra as my trading platform and execute trades through IB.

dtcghurn
Guest
I hear what you mean MikeM. I think today I would only trust IB or TDA to trade forex. I went through the kool-aid of the fx cesslakeworld like all the other dupes before I discovered the beachforum mainly using MT4 and trying out a few of the scammy EA’s, or mod and fiddled with the free ones from forums. (“expert advisors”, the actual term from AI studies which they misleadingly and scammily put as a label for automated trading for MT4. it’s just auto strategies in C code in the mt4 framework, that’s all it is where of course).… Read more »
Mike M
Guest

Thanks Rob. Do you trade everything via sierra? Futures, stocks, fx?

Rob B
Guest

I should add the reason I got a Ninja Account was to trade futures and because of their commission and data fee.

I no longer trade futures. Just my opinion, but unless IMHO you are GS trading futures is a sucker’s game. Using massive leverage will blow up most retailer’s accounts. If I want to trade a commodity I will do it via an ETF, whereby I use zero leverage. But of course TR would have a much harder time making wild claims of making a living off a $5,000 account in an unleveraged world.

Mike M
Guest

I have been told from some very savvy traders the best way to trade crude is via equities because you don’t need the leverage.

Rob B
Guest

I agree. I also like to be able to scale in and out of a trade and to do that unleverage in CL at 1000 barrels per contract you have to have deep pockets.

Rob B
Guest

In the process of transition to Sierra. Still use Mulitcharts also. I also have TradeStation that I use on occasions. I pretty much done with Ninja.

Mike M
Guest
Rob, are you able to trade all products, futures, fx, equities through Sierra and clear through IB? I tried Ninja for futures and found it to be extremely buggy. Also with their nonsense now I wouldn’t use them anymore. I got use to X-Trader when I worked on the NYMEX. When the market gets volatile their dom is very stable almost zero latency. Unfortunately, their charts are not very good. I would like one platform for all products with good charting capabilities. Think or Swim was recommended to me. Although, I heard mixed reviews.
dtcghurn
Guest
hmm, TDA/thinkorswim has its own internal charting and uses “thinkscript”, an interpreted recursive scripted simplified language. but kindof limited. At least they don’t pander out locked code to 3rd party vendors. But hard to be adaptable to indicators more advanced than the typical MAs and bollingerbands. They have their own version of market profile, “heatmap”, some level 2 orderflow, but it’s all internal and clunky. I guess the positive is that it’s all inclusive in one program. I hadn’t tried Sierra or multicharts but I guess if I was starting over, I’d rather go with IB and a charting platform… Read more »
dtcghurn
Guest
Just a side note, in the fx cesslake world, there used to be scores of those bucket fx brokers when the fad was in it’s most feverish. FXCM, Oanda, MBtrading were considered the more “reputable” ones in the last years, but now they are all gone. FXCM got caught again fooling with their clients’ trading and got booted out of the U.S. this spring. Oanda too a few years ago. MBTrading is now taken over by some other entity that only deals with stocks and futures. The fxcesslake was perhaps more europe and asia centered in its heyday but now… Read more »
Rob B
Guest
I hate Think or Swim. I tried it and I never use it plus the commission are high. I don’t trade futures anymore and I very seldom trade Forex. I trade stocks. But yes I have traded Forex via IB, but yet to try Sierra platform executing Forex via IB. I tried using IB data feed as an input to Multi Charts, but IB data feed sucks and I get errors. So I was and still do use Trade Station as a data feed into MC and execute on IB, as their commission are better for me. Kind of crazy… Read more »
dtcghurn
Guest
MikeM, I was mistaken about Oanda, and probably confused it with some other broker. They are based in Canada and have gotten bigger with no reported bad rap. However, it still gives me a queasy feeling and mt4 in general. There are also probably a few legit brokers outside the U.S. such as dukascopy (actually a swiss bank) but most of them don’t accept u.s. clients now. Here’s a more recent “review” site. http://www.forexfraud.com/forex-broker-reviews.html But generally I would stick to IB or TDA for forex in the U.S. just because it feels more secure. (the ponzi PFGBest also was a… Read more »
dtchurn
Guest

Why do I keep making the typo? dt(g)churn?

dtchurn
Guest

Ok now, browser hangups. Another side note. TDA/Thinkorswim despite having the best options platform layout and tools, ironically doesn’t offer or support options on futures/options on futures. While IB does. But generally a niche trading that retail doesn’t usually get involved in although there is that thread on the beachforum..

Mike M
Guest
Options on futures is not a retail niche as you stated. However, I believe there re certain scenarios where it could benefit the trade scenario a trader is trying to create. I need to brush up on that. You know I hear you talk about the beach forum lol. My experience with that site is limited, but I had immediate reservations when I signed up and immediately got an email about paying for premium content. Those reservations were exacerbated by the rule of a dictator which seems to run that site. I love your talk about the experience you had… Read more »
Mike M
Guest
yes, dtchurn I am weary about doing business with a broker outside of the US, just not necessary. I agree IB makes sense because of some credibility. I got scammed years back when one of these big fx guys went under because of the CEO running away with the deposits or trading customer money. For the life of me I can’t remember the name. I eventually got back a fraction after the regulators gutted the company. that was a nice kick i the gut. Since then I just stayed away from that market entirely. As usual retail gets scammed by… Read more »
Rob B
Guest
DTchurn, I was wondering if that was you or someone else was once again copying your Good Name. Your post once again reminded me of another reason I trade via IB. I wanted to buy some foreign stock on various foreign exchanges and at that time IB was the only one I found that could do it with reasonable commissions. It allowed one stop shopping for pretty much everything. Also TWS has some cool features and market orders. I will add one more positive for IB. I seldom short stocks, but when I do I have problems with Trade Station… Read more »
dtchurn
Guest
Thanks RobB, MikeM. yes,it was my ‘g’ stuck in the textbox and I’d forgotten to refresh my browser. More good points about IB’s features and services. I may try Sierra someday. Sorry to hear you got scammed in that way MikeM. To summarize my experience, I found almost nothing ultimately useful from the beachforum except a few contacts, and some of FatTails’ contributed indicators which are also now for free on his lizardtrading site. It can be fun, but it’s heavily kool-aided dreaming and hindsight-circling very steeped in the ninjaecocess. I’d recommend elitetader more to newbs. It’s still heavily shilled… Read more »
James Mincell
Guest

Have you ever tried Medved Rob ?

Rob B
Guest

Never heard of them before. So no opinion.

Amit
Guest
Thanks Emmet for the review, one thing I heard about Trade Empowered Syndicate Room is that some of the trades are not taken in the live room but posted in the performance spreadsheet. In other words………doctoring the numbers? Do not know the real truth of this. They do offer decent educational materials it seems and give away lots of information and trader pep talks in their youtube vids. If someone is interested in trading the harmonics and fibonacci patterns then they might want to take a trial peek if available. Would be good to get inputs from anyone who has… Read more »
Tom
Guest

Damn, just pumping these out .. More all time highs , more scum bags in the mix.

Mike M
Guest

“More all time highs”.. funny that’s how I feel. There seems to be no end to these charlatans. Just as there are more sheep to slaughter every month, there are countless con men looking to be the next Sykes.

Mike m
Guest

I’m Sorry Emmett, but I can’t show any enthusiasm for individuals lining their pockets from financial misery. IMO social media is part of the disease that is online trading vendors, educators, and financial entertainers apparently. To go from a respected warrior that had honor to fleecing retired people is a huge fall from grace. How many of these sites can coexist today online? People must start to do serious jail time in order to stem the time of online trading fraud.

Pete
Guest

Indeed he is fleecing vulnerable seniors but we must not forget vulnerable young and middle-aged guys and gals as well, with the wages stagnant for most in current economic conditions, many are sacrificing their small savings for a chance to earn a living as a trader. This scum is gearing himself towards mostly guys looking for a cool big brother or young father-figure based on his stylish marketing image. Oh and maybe he is fleecing boys as well if he has spent much time adapting to local customs as a commando in Afghanistan, as pederasty rates there are quite high.

Mike M
Guest
Yes retired folks are not the only ones being fleeced. I agree that a young college graduate may see the need to supplement their income by going into trading. Just read the comments on you tube for any of the usual suspects trading educators that put out videos, you can see young people just starting out in life attracted to the good life they portray. Retired individuals, career changers, and new entrants into the workforce are the most susceptible to the bs. From what I read as far as reviews, this guy doesn’t have good customer service skills to say… Read more »
dtchurn
Guest
HFT has been around since 2009. There is nothing new about HFT getting away with fleecing retail and making the volume illiquid especially for scalping and opening plays. It has been debated all this time on media channels and forums ever since and they are finally making inroads on new exchanges and enacting “speed bumps” to slow HFT transactions. I’d rather believe Emmett where he says the CFTC are short on resources rather than overgeneralizing the regulators are complicit with the exchanges in enabling HFT and the retail scam industry. Of course HFT firms have lower margins as they are… Read more »
Pete
Guest
Aside from the victim-blaming, i.e. your greed is to blame for your trading losses and the “a sucker born every minute” tropes repeated ad nauseum on here I imagine a lot of the racial vitriol in America currently has contributed to the lack of concern from regulators. I’m imagining Obama’s regulators thinking white people need to check their privilege and entitlement, how greedy, gullible and entitled can you be to think some attractive stranger online is worth risking thousands of dollars and thousands of hours to take money from other people via trading. You’re right about the regulators working with… Read more »
Cyn
Guest

Just more illogical nonsense. I told you to stop using my name in your mouth.

wpDiscuz